Norwegian goes for it as borrowings mount
Norwegian is ramping up, as Björn Kjos, CE, and founder, says, for the future. In 2012 it had 68 aircraft flying 330 routes within Europe, where it is the third largest LCC. The same year, Norwegian announced it would be offering a no-frills long-haul service as well. This year the airline by passenger is adding 11 787-9s and 12 737 MAXs to its existing fleet of 145 or so aircraft. By the end of 2019, it will have grown its total fleet to more than 190 planes as the airline pushes its transatlantic routes to North America and Argentina. Generating a profit, however, is not as easy. Norwegian recently announced that it expects to lose NOK2.6b before tax in Q1 2018, compared with NOK1.8b in the same period last year. Meanwhile Norwegian is buying so many planes that net debt is growing too; increasing over the past year to NOK22b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-04-02/unaligned/norwegian-goes-for-it-as-borrowings-mount
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Norwegian goes for it as borrowings mount
Norwegian is ramping up, as Björn Kjos, CE, and founder, says, for the future. In 2012 it had 68 aircraft flying 330 routes within Europe, where it is the third largest LCC. The same year, Norwegian announced it would be offering a no-frills long-haul service as well. This year the airline by passenger is adding 11 787-9s and 12 737 MAXs to its existing fleet of 145 or so aircraft. By the end of 2019, it will have grown its total fleet to more than 190 planes as the airline pushes its transatlantic routes to North America and Argentina. Generating a profit, however, is not as easy. Norwegian recently announced that it expects to lose NOK2.6b before tax in Q1 2018, compared with NOK1.8b in the same period last year. Meanwhile Norwegian is buying so many planes that net debt is growing too; increasing over the past year to NOK22b. <br/>
